Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) Target Price at $115.40

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have received an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $115.40.

GSHD has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research report on Monday, April 28th.

Insider Buying and Selling

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel John Terry O’connor sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the transaction, the general counsel now owns 1,000 shares of the company’s stock, valued at $104,420. The trade was a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,778 shares of company stock valued at $48,147,358. 48.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSHD. Whitebark Investors LP bought a new position in Goosehead Insurance in the 4th quarter worth approximately $55,326,000. American Century Companies Inc. boosted its stake in Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after purchasing an additional 220,267 shares during the period. Driehaus Capital Management LLC bought a new position in Goosehead Insurance in the 1st quarter worth approximately $22,003,000. Goldman Sachs Group Inc. boosted its stake in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after purchasing an additional 96,309 shares during the period.

Goosehead Insurance Price Performance

GSHD opened at $108.40 on Friday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $4.07 billion, a P/E ratio of 150.56, a P/E/G ratio of 5.17 and a beta of 1.45. The company’s 50-day simple moving average is $108.77 and its two-hundred day simple moving average is $111.67. Goosehead Insurance has a 52-week low of $54.80 and a 52-week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million for the quarter, compared to analysts’ expectations of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.